The Penn Traffic Company, doing business as BiLo Foods, P&C Supermarkets and Quality Supermarkets has entered into a stalking horse agreement with a joint venture comprised of Hilco Merchant Resources, LLC, and Hilco Real Estate Holdings, LLC, to serve as the exclusive agent in the disposition of, among other assets, real estate holdings.
Principal among the properties being marketed by Hilco Real Estate are leased and fee-owned grocery store locations in the northeastern United States, including New York and Pennsylvania. These stores may be in freestanding buildings or shopping center locations and range in size from 10,000 to 50,000 square feet.
Interested parties should contact Joshua E. Joseph, Senior Vice President, 847.504.2459, or Matthew S. Darin, Vice President, 847-504-2456. More information is available online at www.hilcorealestate.com.
About Hilco Real Estate, LLC
Hilco Real Estate helps businesses improve leverage and cash flow by repositioning and restructuring their real estate commitments. The company's focus is to optimize value in the shortest period of time. Core competencies include strategic advisory and consulting services, owned portfolio disposition, lease portfolio sales/assignments, lease termination, lease renegotiation, leasing/subleasing, sale of non-core owned assets, sale/leaseback transactions, and fee and appraisals for leased and owned assets. The company, which is headquartered in Northbrook, Ill, is a division of The Hilco Organization. For more information please visit www.hilcorealestate.com.
Contacts:
Hilco Real Estate, LLC
Joshua E. Joseph
Senior Vice President
847.504.2459
jjoseph@hilcorealestate.com